Environmental
What is a 'Phase I Environmental Site Assessment' and when would a Nevada commercial buyer require one?
AA soil test required for all residential purchases
BA preliminary investigation of a property's history and current conditions to identify potential environmental contamination, typically required for commercial purchases and lender requirements✓ Correct
CA water quality test required by the Nevada Division of Water Resources
DAn air quality assessment required for industrial rezoning
Explanation
A Phase I ESA involves reviewing historical records, aerial photos, regulatory databases, and conducting a site visit to identify recognized environmental conditions (RECs). Nevada commercial buyers and lenders routinely require Phase I ESAs, particularly for properties in industrial areas, near gas stations, dry cleaners, or former mining operations. If RECs are found, a Phase II (soil/groundwater sampling) may follow.
Related Nevada Environmental Questions
- What is the importance of a soil report (geotechnical report) in Nevada desert construction?
- What environmental concern is associated with older Nevada mining towns and residential properties near former mines?
- Radon is a naturally occurring radioactive gas that enters buildings primarily through:
- In Nevada's arid environment, which environmental factor is unique to desert real estate transactions?
- What is the primary concern about asbestos in older Nevada buildings?
- What is the concern with underground storage tanks (USTs) in Nevada commercial real estate transactions?
- What is the 'innocent landowner' defense under CERCLA in Nevada?
- What is a Phase I Environmental Site Assessment (ESA) used for in Nevada commercial real estate?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →